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Alkami (ALKT) investor relations material
Alkami Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary30 Oct, 2025
Executive summary
Achieved Q3 2025 revenue of $113.0 million, up 31.5%–32% year-over-year, driven by MANTL acquisition, new client wins, user growth, and higher ARPU.
Adjusted EBITDA reached $16.0 million, nearly doubling from $8.3 million a year ago, with margin improvement.
Net loss for Q3 2025 was $14.8 million, reflecting continued investment and integration costs.
Record new client launches: 13 digital banking clients and 15 MANTL clients went live, with strong cross-sell momentum.
Announced Cassandra Hudson as incoming CFO, succeeding Bryan Hill.
Financial highlights
Subscription/SaaS revenue represented 95.5%–96% of total revenue, with Q3 revenue at $113.0 million.
Annual Recurring Revenue (ARR) grew over 31% to $449 million; net dollar retention at 113%, churn below 1%.
Registered users rose to 21.6 million, up 10.5%–11% year-over-year; RPU increased 18.8%–19% to $20.83.
Non-GAAP gross margin for Q3 was 63.7%, up year-over-year; GAAP gross margin was 56.8%, down due to MANTL amortization.
Operating expenses rose 26.2% year-over-year, driven by personnel and integration costs.
Outlook and guidance
Q4 2025 revenue guidance: $119.6M–$121.1M; adjusted EBITDA: $16.1M–$17.1M.
Full-year 2025 revenue guidance: $442.5M–$444M; adjusted EBITDA: $56M–$57M, raised by nearly $4M.
Management expects continued growth from user expansion, new client wins, and deeper product adoption.
Gross margin may fluctuate due to ongoing investments and integration.
Existing cash and credit resources expected to support operations and growth for at least 12 months.
Strategic rationale for Q3 acquisition?
Why did GAAP gross margin decline in Q3?
What drives the 19% RPU growth?
Impact of best-of-breed shift on bank wins
Key AI use cases for clients and Alkami
MANTL's impact on cross-sell and ARR uplift
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Frequently asked questions
Alkami Technology Inc. provides cloud-based digital banking solutions for financial institutions, including banks and credit unions. Its platform offers tools for online and mobile banking, enabling users to manage accounts, make transactions, and access financial services securely. The company also provides analytics, marketing, and user engagement features to help financial institutions enhance customer experience and grow their businesses. Alkami serves a wide range of clients, from community banks to mid-sized financial organizations. The company is headquartered in Plano, Texas, and its shares are listed on the NASDAQ.
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